Previous Page | Print this Document

January 9, 2008 ... Senator Richard T. Moore, D-Uxbridge, announced that two communities in the Worcester & Norfolk have been approved for low interest loans through the 2008 clean water funds totaling approximately $26.5 million. The money awarded to Webster and Southbridge is in the form of 2% loans payable over 30 years for which both the towns applied. 

“This is great news for the residents of Webster and Southbridge,” said Moore. “It will benefit the local environment in both communities at an affordable rate. The local officials in both towns should be commended for their efforts to secure these much sought after low interest loans.”

Sen. Moore was joined by Rep. Paul Kujawski, D-Webster, in making the announcement for Webster - $20 million for the waste water treatment plant and $4,125,000 for the Worcester Rd. sewer ext.

Rep. Geraldo Alicea, D-Charlton, joined with Sen. Moore to announce that Southbridge will receive $2,455,000 for Brownfield Redevelopment. “I am pleased that the Department of Environmental Protection is able to assist Southbridge with cleaning up a contaminated brownfield site in Southbridge through this low interest loan,” said Alicea.

The Massachusetts State Revolving Fund (SRF) for water pollution abatement projects was established to provide a low-cost funding mechanism to assist municipalities in complying with federal and state water quality requirements. The SRF Program is jointly administered by the Division of Municipal Services of the Department of Environmental Protection (Mass DEP) and the Massachusetts Water Pollution Abatement Trust.

Each year Mass DEP solicits projects from Massachusetts municipalities and wastewater districts to be considered for subsidized loans. The current subsidy is provided via a 2% interest loan. In recent years the program has operated with $300 to $350 million per year, representing the financing of 50 to 70 projects annually. The SRF Program continues to emphasize water shed management priorities.

A major goal is to provide incentives to communities to undertake projects with meaningful water quality and public health benefits and which address the needs of the communities and the watersheds.

For additional information about Sen. Moore’s efforts to assist the communities and residents of his district, please visit his web site, www.senatormoore.com.

Previous Page | Print this Document